We are seeing some records being set in 2024.
Inventory is the highest we have since 2011
New inventory is the highest I have ever seen (25% more property coming on the market than last year)
It is taking longer to sell a property this year. Days On Market are up 35%
Our months supply of property is up 68% over last year … More April 2024 Housing Market Update
Seller’s are realizing this is no longer the hyper-active Sellers Market that we were experiencing from 2020-2023. Price matters. The condition of your property matters. Buyers have choices as they enter our housing market. We had our 5th month in a row with under 1000 sales in Brevard County. We also had more prices changes… … More February 2024 Housing Market Update
How’s the market? New Year…will we also have a new housing market??? Trends from the 4th quarter are still hanging out…active inventory still rising…sales still lagging…we are seeing a few things that we haven’t seen in years…like a 5 month supply of property for Brevard County. We have entered into a balanced housing market as expected with the new year. … More What’s Really Happening In Our Housing Market?
The 2023 housing market has had an interesting year. Predictions by many people were that the market was going to crash with interest rates breaking through the 8% mark and insurance skyrocketing in Florida. The crash hasn’t happened yet. But here are some of the changes we saw in our market: … More Will Home Prices Drop In 2024?
There are a lot of people looking for a housing market crash. Even though I am not a doomsday predictor, I am seeing signs it might be coming in one area of our housing market…Beachside Condos. … More November 2023 Housing Market Update
October sales are in the books, it is time to take a deep dive into the numbers to see what changes are happening in our housing market. Looks like we are going back in time to our 2018/2019 housing market. Is this really a good thing? … More Housing Market Update October 2023
We are ¾ of the way through 2023 and the best way to describe our market is frozen… stifled…dormant…lethargic…stagnant…stalemat…jammed up…Has the cost of homeowners insurance and high interest rates had an effect on the Florida real estate market? … More Florida Real Estate: Buckle Up!!
There are a lot of people looking for and anticipating a housing market crash. Interest rates have been hovering in the low 7% range and are at the highest rates we’ve seen since 2000. Homeowners Insurance is getting challenging to find for some of the homes in the area. Add to the mix the tropics heating up with our first named hurricane to hit the state of Florida in August…things are certainly lining up for a housing market crash. … More Housing Inventory Gone Wild
The Florida condo market is in trouble. Sales are down year over year. Prices are dropping. The cost of owning a condominium is on the rise. There have also been changes in the Florida legislation that will take effect in 2024 that you need to pay attention to. … More Cocoa Beach Condo Crisis
Housing market crash 2023 is still a popular search term. People searched that term 165,000 in the last 30 days. Other variations of the term are up 150-200% in the last 30 days. People are definitely looking for a housing market crash…but is it going to happen in 2023? … More Sales Are Down! Are Prices About To Plunge?
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